Tokyo Gas sells U.S. gas unit to Grayrock Energy for $255 MM

11/19/2025

Tokyo Gas, Japan's largest city gas supplier, said it sold its U.S.-based subsidiary, TVL LLC, involved in gas development and production to Grayrock Energy for $255 million.

The unit, operating in Louisiana's Haynesville and Cotton Valley formations, was sold as part of Tokyo Gas's strategy to optimize its asset portfolio, it said in a statement.

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